Watch what the Fed says...

By Paul R. La Monica, CNNMoney
2008-6-25 10:39:43

NEW YORK (CNNMoney.com) -- The Fed's words will speak louder than its actions this afternoon.

It's all but certain the central bank is going to sit tight at 2:15 ET and keep its key federal funds rate at 2%. There's a better chance of "The Love Guru" winning next year's Oscar for Best Picture than of an interest rate hike or cut today.

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